Flexsteel Industries, Inc.
FLXS Consumer Cyclical Furnishings Fixtures & Appliances
Flexsteel Industries, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $459.2 million, up 4.10% from fiscal 2025. In the quarter to June 2026, revenue was flat, EPS grew 38.9% and free cash flow grew 25.6%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three, operating cash flow growth for five.
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Flexsteel Industries, Inc. (FLXS) Piotroski F-score
Flexsteel Industries, Inc.'s Piotroski F-score for fiscal 2026 is 8 out of 9: 8 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2025.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 8 | 0.00 |
| FY2025 | 8 | 1.00 |
| FY2024 | 7 | (1.00) |
| FY2023 | 8 | 2.00 |
| FY2022 | 6 | 0.00 |
| FY2021 | 6 | 3.00 |
| FY2020 | 3 | 0.00 |
| FY2019 | 3 | (1.00) |
| FY2018 | 4 | (1.00) |
| FY2017 | 5 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 12.35% | 7.24% | Pass | 1 |
| Positive operating cash flow | 51.52m | 36.98m | Pass | 1 |
| Rising return on assets | 12.35% | 7.24% | Pass | 1 |
| Cash flow above net income | 18.39m | 16.83m | Pass | 1 |
| Falling long-term leverage | 0.00 | 0.00 | Pass | 1 |
| Rising current ratio | 2.09 | 2.78 | Fail | 0 |
| No new shares issued | 5,125,000 | 5,249,000 | Pass | 1 |
| Rising gross margin | 24.70% | 22.21% | Pass | 1 |
| Rising asset turnover | 1.71 | 1.58 | Pass | 1 |
| Piotroski F-score | Strong — most fundamentals improved | 8 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| FLXS Flexsteel Industries, Inc. | 8 |
| BSET Bassett Furniture Industries, Incorporated compare | 8 |
| ETD Ethan Allen Interiors Inc. compare | 7 |
| LOVE The Lovesac Company compare | 6 |
| HBB Hamilton Beach Brands Holding Company compare | 5 |
| COOK Traeger, Inc. compare | 4 |
| LCUT Lifetime Brands, Inc. compare | 4 |
| XMAX XMax Inc. compare | 3 |
| ATER Aterian, Inc. compare | 2 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover